Evergreen Energy shares jump 14% on China coal project

SAN FRANCISCO (MarketWatch) -- Shares of Evergreen Energy Inc.
EEE, -0.04%
jumped as much as 14% Friday on news the Denver-based company had signed an agreement with China Power Investment Corp. to study, design and eventually build a lignite coal refinery in China's region of Inner Mongolia. The plant aims to process lignite, a cheap, low-grade coal used extensively in China's power plants, to make it a cleaner-burning, more efficient fuel. Evergreen Energy shares were last up 71 cents at $5.63.

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